Mondi (LON:MNDI) Insider Acquires £308.38 in Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 34 shares of Mondi stock in a transaction on Friday, August 7th. The shares were bought at an average cost of GBX 907 per share, for a total transaction of £308.38.

Andrew King also recently made the following trade(s):

• On Tuesday, July 7th, Andrew King acquired 42 shares of Mondi stock. The shares were bought at an average price of GBX 710 per share, for a total transaction of £298.20.
• On Friday, June 5th, Andrew King acquired 20 shares of Mondi stock. The stock was bought at an average cost of GBX 753 per share, with a total value of £150.60.

Mondi Price Performance

Shares of Mondi stock opened at GBX 880.40 on Friday. The stock has a market cap of £3.88 billion, a price-to-earnings ratio of -14.92, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.14 and a current ratio of 1.55. The stock has a 50 day moving average price of GBX 761 and a 200-day moving average price of GBX 806.99. Mondi plc has a one year low of GBX 660 and a one year high of GBX 1,083.

Analysts Set New Price Targets

A number of analysts recently weighed in on MNDI shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Citigroup boosted their target price on Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Jefferies Financial Group reduced their price target on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mondi currently has an average rating of “Moderate Buy” and an average target price of GBX 937.50.

About Mondi

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.